Corporate governance practices and regulations

May 29th, 2015

Studypool Tutor

Adelphi University

Price: $20 USD

Tutor description

Good governance is accountable
Accountability is a fundamental requirement of good governance. Local government has an obligation to report, explain and be answerable for the consequences of decisions it has made on behalf of the community it represents.

GOOD GOVERNANCEGood governance is aboutthe processes for making and implementing decisions. Its not about making correct decisions, but about the best possible process formaking those decisions.Good decision-making processes, and therefore good governance, share several characteristics. All have a positive effect on various aspects of local government including consultation policies and practices, meeting procedures, service quality protocols, councilor and officer conduct, role clarification and good working relationships.THE MAIN CHARACTERISTICS OF GOOD GOVERNANCEGood governance is accountableAccountability is afundamental requirement of good governance. Local government has an obligation toreport, explain and be answerable for the consequencesof decisions it has madeon behalf of the community it represents.Good governance is transparentPeople should beable to follow and understand the decision-making process. This means that theywill be able to clearly see how and why a decision was made what information,advice and consultation council considered, and which legislative requirements(when relevant) council followed.Good governance follows the rule of lawThis means thatdecisions are consistent with relevant legislation or common law and are withinthe powers of council. In the case of Victorian local government, relevant legislation includes theLocal Government Act 1989and other legislation such as thePublic Health and We